The Caribbean Commonwealth of Dominica reportedly issued its national token, DMC, on Tuesday in collaboration with crypto exchange Huobi Global, TronDAO, and DMC Labs. “DMC is the world’s first national token, as well as a symbol demonstrating countries’ embracement of virtual assets and the metaverse,” Huobi stated in a blog post on Tuesday. Huobi stated that the Dominica digital identifier (DID) will be implemented as a know-your-customer verification standard for opening bank accounts, applying for loans, and other financial transactions. According to the post, the DMC and Dominica DID will both run on the Tron blockchain, but support for Ethereum, BSC, and other public chains will be added later via the BitTorrent Chain protocol.
